See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Amedeo Resources rises 25% to 5p a share
Amedeo Resources (AMED) shares crashed to 3p after it proposed cancelling its shares on AIM, citing limited liquidity of shares and costs of maintaining trading.
However, buying activity suggests some investors still want a stake in the company even if it goes private.
Read more here & follow AMED here:
Avanti Communications Group rises 12% to 3.17p a share
Avanti Communications (AVN) announced last week that Paul Walsh is to step down as Chairman by June 2019 with Alan Harper, Deputy Chairman to succeed him.
According to the trading update released at the end of last month, revenue for 3 months was $10.8m however EBITDA was reported at a loss of $10.6 million.
It has a $84 million lease agreement for a satellite fleet and received $20.1 million after arbitration proceedings against the Government of Indonesia.
Read more here & follow AVN here:
Kefi Minerals rises 8% to 1.69p a share
Kefi Minerals (KEFI) in a GM statement announced “that the development plan for the Tulu Kapi Gold Project in Ethiopia remains on schedule to start in January 2019, commencing with the community resettlement programme”.
It updated land clearing and geotechnical drilling commenced, as well updated plans on its construction of a Tulu Kapi private air strip.
The Ethiopian State Minister of Mines, Petroleum and Natural Gas and other government agencies confirmed their approvals remain on track to be issued this month.
Read more here & follow KEFI here:
Prospex Oil and Gas rises 11% to 0.268p a share
Prospex Oil and Gas (PXOG) increased its interest in the Tesorillo project for a net consideration of €153,250 to total 15%.
It is part of a three stage process to acquire a 49.9% interest, which has a gas discovery and potentially 830BCF of gross unrisked prospective resources.
Prospex non-executive Chairman, Bill Smith, said “With 830 billion cubic feet of gross unrisked Prospective Gas Resources and the presence of an historic gas discovery, Tesorillo is a much larger variant of the fore-deep play which Prospex successfully tested in Romania and in Italy.”
Read more here & follow PXOG here:
See all today's AIM Risers here
